Empire State Realty Trust (NYSE:ESRT) Hits New 52-Week Low – Should You Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.69 and last traded at $4.7160, with a volume of 168318 shares trading hands. The stock had previously closed at $4.84.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Empire State Realty Trust in a report on Friday. Evercore set a $5.50 price target on shares of Empire State Realty Trust in a research note on Thursday, July 30th. Citigroup reduced their price objective on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company decreased their target price on shares of Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a report on Monday, June 1st. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus price target of $5.50.

Empire State Realty Trust Stock Down 2.8%

The company’s 50 day moving average price is $5.40 and its two-hundred day moving average price is $5.61. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.33 billion, a P/E ratio of 67.22 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. The business had revenue of $196.90 million during the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%.Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. Equities analysts forecast that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.0%. Empire State Realty Trust’s dividend payout ratio is 200.00%.

Institutional Investors Weigh In On Empire State Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Empire State Realty Trust during the second quarter valued at approximately $74,000. DRW Securities LLC bought a new position in shares of Empire State Realty Trust during the fourth quarter worth $69,000. Vise Technologies Inc. bought a new position in shares of Empire State Realty Trust during the fourth quarter worth $71,000. Royal Bank of Canada grew its stake in Empire State Realty Trust by 86.1% during the first quarter. Royal Bank of Canada now owns 11,078 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 5,124 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its stake in Empire State Realty Trust by 29.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 2,523 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.